Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Sees Large Decline in Short Interest

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,600 shares, a decrease of 42.9% from the March 31st total of 2,800 shares. Based on an average daily trading volume, of 13,400 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Art’s-Way Manufacturing Price Performance

Shares of Art’s-Way Manufacturing stock traded down $0.02 during trading on Friday, reaching $1.94. The company’s stock had a trading volume of 1,632 shares, compared to its average volume of 8,875. The business has a 50 day moving average price of $2.03 and a 200-day moving average price of $2.05. Art’s-Way Manufacturing has a 12-month low of $1.85 and a 12-month high of $2.90. The company has a market capitalization of $9.84 million, a P/E ratio of 9.80 and a beta of 0.39. The company has a quick ratio of 0.38, a current ratio of 1.51 and a debt-to-equity ratio of 0.29.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its earnings results on Tuesday, April 9th. The industrial products company reported ($0.09) EPS for the quarter. Art’s-Way Manufacturing had a negative net margin of 0.64% and a negative return on equity of 0.09%. The business had revenue of $5.72 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Art’s-Way Manufacturing in a research report on Wednesday. They issued a “hold” rating for the company.

Art’s-Way Manufacturing Company Profile

Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science and agricultural buildings in the United States and internationally. The company operates through Agricultural Products and Modular Buildings. The Agricultural Products segment offers various specialized farm machinery, including portable and stationary animal feed processing equipment and related attachments; hay and forage equipment, such as forage boxes, bale processors, running gears, and dump boxes; manure spreaders; sugar beet harvesting equipment; dirt work equipment; and after-market service parts.